Facebook buys WhatsApp, boosts Info Edge India shares to record high

Written by Agencies | Mumbai | Updated: Feb 24 2014, 22:29pm hrs
NaukriFacebook-WhatsApp deal is seen raising valuations of Info Edge which has several cos, including Naukri.com under its banner.
Info Edge India Ltd shares rose as much as 10.9 per cent to an all-time high of Rs 708.05 after Facebook Inc's $19 billion offer for mobile-messaging startup WhatsApp was seen raising valuations for internet-based companies.

Info Edge is heading towards its seventh consecutive session of gain, for a total of nearly 30 per cent.

Info Edge is primarily in the business of Internet-based service delivery and operates in four verticals: recruitment, matrimonial, real estate and education services.

The websites under Info Edge India's umbrella include Naukri.com and Jeevansathi.com.